The overall money supply, “M4”, widened by LBP 790.21 billion during the week of November 23, 2023 to LBP 1,171.09 trillion, noting that the non-banking sector’s Treasury bills increased by LBP 395.95 billion portfolio during the concerned week.

In parallel, Lebanese-Pound denominated deposits and currency in circulation, “M1”, fell by LBP 448.81 billion week-on-week to LBP 80,006 billion on the back of the LBP 688.00 billion decrease in currency in circulation which outweighed the LBP 239.19 billion increase in demand deposits. Local currency term deposits, “M2”, also dropped by LBP 527.13 billion on a weekly basis to settle at LBP 95,331 billion.

Consequently, private sector term and saving deposits denominated in LBP (“M2-M1”) narrowed by LBP 78.31 billion (0.51%) to LBP 15,325 billion during the week of November 23, while deposits denominated in foreign currencies (“M3-M2”) rose by LBP 921.38 billion (0.09%) to LBP 1,052.31 trillion.